The list of global companies cutting ties with Russia continues to grow as sanctions against Moscow rack up over its attacks on Ukraine.
The airline will use the net proceeds to repay a chunk of the $10.5 billion government bailout it received last year to stay afloat throughout the Covid-19 pandemic.
Lufthansa shares jumped as much as 20 percent after its top shareholder dropped his objections to a $10 billion government bailout.
Since the pandemic hit Europe, the Lufthansa group has been bleeding one million euros per hour, with around 90 percent of its 760-aircraft fleet grounded.
The WHO "has implemented a temporary pause... while the safety data is reviewed", its chief Tedros Adhanom Ghebreyesus said, referring to the hydroxychloroquine arm of a global trial of various possible treatments.
Germany throws Lufthansa a $9.8 billion lifeline, agreeing a bailout which gives Berlin a veto in the event of a hostile bid for the airline.
Investors focused on the positives despite growing US-China tensions stalling recovery for equities in May, amid signs that many European economies are coming back to life.
KLM will cut back on hiring new staff and external consultants, delay new IT projects and office refurbishment plans and reduce travel expenses significantly.
The trade group for global airlines said the Covid-19 virus can potentially contribute to a 13 percent decline in demand for Asian carriers this year.
Labour union UFO announced cabin crew strikes from Monday to Wednesday this week at Germanwings, Lufthansa's budget airline, which operates on behalf of Eurowings brand.
Cancellation plans come because of a planned strike by a union representing cabin crew in Germany.
One airline after another has expressed concerns about the ‘situation in Cairo’ without anyone being able to specify what they are talking about, putting Egypt-bound tourists in a fix.
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